Cleveland-Based Buyout Firm Acquires Phillips & Temro Industries
Morgenthaler Partners, private-equity buyout firm based in Cleveland, Ohio, has acquired Phillips & Temro Industries (PTI), a supplier of products for diesel engine related markets. Phillips & Temro supplies cold start and emissions control products to both the aftermarket and original equipment market through its brands ZeroStart, Temro, EM Products, Cowl and Cab Power.
AIAG Names Plawecki Acting Executive Director
The Automotive Industry Action Group (AIAG) announced yesterday that Linda Plawecki has been named acting executive director for the association. Plawecki is replacing Andrew Cummins, who has left AIAG to pursue other opportunities. One of three loaned executives from the Detroit Big Three automakers to AIAG, Plawecki, an executive with Ford Motor Co., previously held the position of AIAG executive director from 2002 until 2003. AIAG’s board of directors has initiated a comprehensive search for a permanent replacement to head up the association.
Valvoline’s Indian Lubricants Venture Plans Operations in Britain
Valvoline Cummins Ltd, an Indian lubricant and chemical joint venture between two U.S. companies, Valvoline International and Cummins Diesel, said Tuesday it will soon start operations in Britain. “Within the next quarter we will start joint operations in Britain and are close to finalizing the plans,” Craig Moughler, managing director of Valvoline International Inc, a Fortune 500 firm, told reporters in the southern high-tech city of Bangalore.
AIAG Show Hosted Bold, Honest Stars
At a time when Detroit’s Cobo Center is catching a lot of grief for being a tired, rundown, expensive and cramped venue, it’s nice to see one trade show there on the upswing. Auto-Tech 2004, a conference and show staged by the Automotive Industry Action Group, concluded a stimulating three-day run Wednesday that was a huge improvement on previous year’s events.
OEM Purchasing VPs to Discuss Industry Collaboration at Auto-Tech 2004
Top purchasing executives from DaimlerChrysler Corp., Ford Motor Co., and General Motors Corp. will headline a panel discussion on global purchasing practices at the 17th annual Auto-Tech conference at the Cobo Conference Center on Wednesday, Sept. 1. Auto-Tech is an automotive industry trade conference organized by the Automotive Industry Action Group (AIAG).
Yost to Retire as ArvinMeritor CEO
Auto-parts supplierArvinMeritor Inc., which lost its bid to buy Dana Corp. last year, said Monday it is searching to replace chief executive Larry Yost, who plans to retire. The Troy-based company offered few details about the search, but company spokeswoman Lin Cummins said Yost has wanted to retire for some time. Yost led the company through several transitions including the 2000 merger of Arvin Inc. and Meritor Automotive Inc. He had been CEO of Meritor before he became chairman and CEO of ArvinMeritor.
Automakers Help Allies Handle Crises
Seeking to mitigate disaster costs after events such as 9/11 and last year’s blackout, Detroit automakers said Wednesday they’ll ask their suppliers and dealers to take part in a crisis management plan that will prepare them for emergencies. The automakers, working together through a trade organization called the Automotive Industry Action Group (AIAG), released a booklet that could serve as a guide for suppliers and dealers that either don’t have a contingency plan or want to modify an existing one. GM said that it will begin rolling out the process to all its 3,700 suppliers next week. The AIAG said the plan is voluntary for suppliers and will result in minimal costs for the companies.